GBPUSD is now heading towards an important level after breaking the recent small head and shoulders support/neckline around 1.25900, we expect the price to fall at the market open to this level at $1.23250, basically the market has already had broken the ascending channel at $1.27900 due to the head and shoulders formation. The "Head" - @1.31280 and shoulders...
GBPUSD strong bearish Two strong H4 bearish candle. We will continiue more down. Weekly Daily is bearish
Price have been in a bearish momentum for a while now. Although it is too early to say, price looks like it is forming a double bottom at this time and if that holds, we just might see a push up towards the 1.27500 area. But then again, it is too early to decide that as price could continue to push lower. Before I make a trading decision, either bullish or...
The GBPUSD outlook has formed a descending triangle which signals a bearish trend in general however after a recent consolidation beneath the base of the triangle and the bulls have managed to break through the descending trendline for a potential retest of the EMA-200 resistance on the 4-HR time frame. The GBPUSD is set to rise to retest the hypotenuse...
These are the next short term PMLs (Price Magnet Levels) for GBPUSD
🚨GBPUSD HIGH PROBABILITY BUY SETUP🚨 * Here we can see clearly the next potential move for GBPUSD in coming hours. * EP(BUY STOP): 1.27077 * TP1: 1.27880 * TP2: 1.28328 * SL: 1.26477 * Keep your eyes close on your trading positions. * Happy pip hunting traders. * FXKILLA *
if you look at the current falling price, it is possible that wave b is still not complete. this swing that occurred formed an FTR (failed to return) pattern, the price failed to return to the SnD area. be careful if you want to sell, in my opinion it is better to wait for the price to rise back to the SnD area.
Dollar currency Index (DXY) is getting stronger on daily bases and it journey is still continue. According to the GBPUSD chart analysis, GBPUSD is in pressure and following it breakout levels. Better to look selling opportunity on it.
GBPUSD has entered the market by hitting the weekly downtrend line and overlapping it with the daily static resistance, and I expect it to move towards the target according to the chart.
On Friday data, USD become stronger, but GBP become more powerful against the USD. I am much sure GBP will be stronger than USD. I am looking for buying opportunity on it.
Sterling seems more bullish against the USD. As we all knows that the market condition of USA is not good and the politics instability decreasing the value of USD.
DXY is strong against the sterling pound. I think EURUSD will rise little bit more and will go to resistance, sell only if you got a rejection otherwise don't trade.
Wait for the rejection from the supply zone. I suggest you before selling it, have a look on DXY.
The market of GBPUSD boost because USD getting weaker even the data was in the favor of USD. Its mean soon or later GBPUSD will fall back. I have mentioned two selling points keep focus on them.
The market of GBPUSD is trying to testing it's previous HIGH. We also knows that British Prime Minister has resigned from it's post which can also put down the GBP just because of the Economic conditions.
smart money opened long and short positions (hedging) , 8k shorts removed by last week , due to profit taking of shorts in last week price retracing upside. its better to waif for the levels for long and shorts rather than entering roughly. 1.1430-1500 supply zone for short. stop loss might be 1.1540. target: 1.0810
Price formed a recent resistance at 1.0873 & support at 1.0737 while also moving by creating higher lows into the resistance by following a shorter TF uptrendline. so if price makes a break & close above the resistance with these higher lows, then it could move all the way up to the next resistance at 1.1201. However a breakout of the recent support at 1.0737...
Price seems to have created a recent resistance at 1.0596 after forming a new low at 1.0352. now if price respects the recent low as support & makes a break & close above the resistance then price might continue to push up to retest the next resistance at 1.0833.